Home  Finance Articles  Discussion  Our Blog / Member Blogs           
SavingAdvice.com Logo Best Overall Credit Cards
Free Advice on Saving Money

Go Back   Personal Finance Forums > Financial Chit Chat > General Discussion

General Discussion Please read our Forum Rules before posting
Feel free to talk about anything and everything in this board. It doesn't even have to be about saving...

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 12-19-2007, 10:07 AM
Joan.of.the.Arch Joan.of.the.Arch is offline
$ Saving College Junior
 
Join Date: Apr 2006
Posts: 1,214

Points: 11860.20
Donate
Default Keeping things in rented storage

Why do they call it SELF STORAGE, anyway? Doesn't that sound like a place to put yourself away until the Mayan calendar turns over?

Have you ever had to put possessions in storage? How did that work out? Were there things you wish you had just gotten rid of rather than stored? Did you end up storing them longer than intended? Was there much difference in fees from one place to another?

Son may have to store very small household over the summer. Do you recommend extra measures such as covering furniture in plastic to protect from rain seepage or dust? What should he know that the rental business is not apt to tell him? What should he ask about or look for?
Reply With Quote
  #2 (permalink)  
Old 12-19-2007, 11:33 AM
mom-from-missouri mom-from-missouri is offline
$ Saving College Junior
 
Join Date: Aug 2004
Location: Northern Missouri
Posts: 1,228
Last Blog Entry: Garden --finally!!
Points: 20830.30
Donate
Default

Don't put good furniture on the floor. Even the "climate controlled" ones draw moisture during a heavy rain. I had some good furniture damaged that way. But pallets or something under it.
Most say in their contract not responsible for theft. So, get a rider on your homeowners policy or renters policy. Some insurance companies now sell storage unit policies.
pay it on time--they are famous for empting and selling your goods if you are late. a cousin of mine had her stuff disappear after the unit cut off the wrong lock. she had something like unit 1a and they were supposed to be getting unit 1b--she had her receipts and they had to buy her new furniture.
don't keep personal papers/cancelled checks.....in one. I was an idenity theft victim that way. He was caught-he had me and several others info--he also worked for the storage unit company.
my stuff did get dusty, and my file cabinet got rust on it. I was told it was "normal", after all, it was nothing but a metal building with a lock on it...
Dont' store film or photos--they get tacky when damp.
Reply With Quote
  #3 (permalink)  
Old 12-19-2007, 12:17 PM
Caoineag's Avatar
Caoineag Caoineag is offline
$ Saving HS Senior
 
Join Date: Sep 2007
Location: Denver, CO
Posts: 265
Last Blog Entry: No appetite mean far less spending
Points: 1375.00
Donate
Default

I have done it twice, both times only for a couple of months. We didn't do too much special for it except made sure anything that doesn't like moisture wasn't touching the ground. Nothing wrong with anything when we came back.

Never regretted the things I stored because it was storage in between successive moves and I had already thrown out anything not worth keeping. Storage places run specials, so yes, big difference in pricing. Never stored anything beyond the time expected since everything had been planned out.
Reply With Quote
  #4 (permalink)  
Old 12-19-2007, 01:32 PM
MonkeyMama's Avatar
MonkeyMama MonkeyMama is offline
$ Saving College Junior
 
Join Date: Sep 2006
Location: Northern California
Posts: 1,133
Last Blog Entry: We're #1!
Points: 5807.40
Donate
Default

Quote:
Originally Posted by Joan.of.the.Arch View Post
Why do they call it SELF STORAGE, anyway? Doesn't that sound like a place to put yourself away until the Mayan calendar turns over?

Have you ever had to put possessions in storage? How did that work out? Were there things you wish you had just gotten rid of rather than stored? Did you end up storing them longer than intended? Was there much difference in fees from one place to another?
Yes, twice. Worked out well.

The first time we cleaned our condo out of all the clutter/excess when we put it on the market. At the same time our grandma moved and down-sized and gave us a bunch of stuff as we were upgrading to a house. So we stored it all about 6 months. Was fine. I don't really remember shopping around. IT just wasn't that much for the place down the street (& so convenient).

The 2nd time we put our house on the market and stored things. I don't even remember why, but we were lazy to get the stuff back out. I think we held out hope we would put our home back on the market. We were too lazy to go through all the effort with that possibility. But we finally moved everything back once our budget got tighter. First bill to go. Went down the street because they had a bunch of grand opening specials. Didn't shop around; went for convenience.

I don't regret storing anything. Wasn't stuff we wanted to part with permanently. (Though the second time we shouldn't have stored so long).

Can't think of anything special. As with anything, don't sign a long-term contract. Rent month to month. (Not sure if there are contracts for storage, but only thing that comes to mind. & yes, making sure insurance is squared away). I don't think we had anything of much value so we didn't care.
Reply With Quote
  #5 (permalink)  
Old 12-19-2007, 01:44 PM
FrugalFish FrugalFish is offline
$ Saving HS Junior
 
Join Date: Oct 2006
Location: Southern California
Posts: 216
Last Blog Entry: Oh Ouch- Over Budget
Points: 2460.00
Donate
Default

My advice is to:

1) find a newer storage facility- might even be in a nicer area of town than the traditional ones in the industrial part of town.

2) Don't go with one with has 24 hour access, but rather choose one that can only be accessed when staff is there.

3) Go in and ask to see some empty units- some have much more headroom than others and this can make a huge difference in storage capacity.

We stored EVERYTHING a couple years ago when our rental was sold out from under us and we did not have a place to live. All wood furniture was wrapped in blankets, upholstered furniture was "saran-wrapped." Having a taller storage unit (see #3 above) allowed us to do a lot of stacking- put good furniture up on other things. Anything of value should be put up on cinder blocks or something similar- just in case of flood.

Also, when you pack the unit, do it in waves if you can. Start with the stuff you definitely don't need and work your way to stuff that you might want to get out of storage at some point. For me, things like books and collectible toys went in the back- these were things I had no immediate need for at any time, and things like tools and other gadgets that we knew we would probably want first went in at the end.

Our rent charged directly to our CC, which was very handy. I found the entire experience of having to store our stuff very easy. A family friend owned a storage facility and said it is rare that theft occurs, but DH worked with a guy last year who had his unit cleaned out by thieves. In that case they determined it had to be an inside job, so theft is not something you should worry a whole lot about. FWIW, we did buy extra insurance to cover our stuff while it was in storage- I think it was an extra $20/month, but worth the peace of mind to me.
Reply With Quote
  #6 (permalink)  
Old 12-19-2007, 03:53 PM
cptacek's Avatar
cptacek cptacek is offline
$ Saving College Freshman
 
Join Date: Feb 2006
Posts: 556
Last Blog Entry: A little breathing room
Points: 4232.70
Donate
Default

Am I right in assuming that your son will have to store the stuff because he is coming home for the summer, and he doesn't want to move everything?

Regardless, if it is just for a few months, I suggest maybe finding a trustworthy, single friend of his with an extra room, and pay the friend to let him keep things in that room. It helps the friend out, it is climate controlled already, it has the security of someone looking out for it, the friend can shut the door and not worry about it until your son moves it out, etc. Come up with a simple contract to protect the both of them (in case your son doesn't pay, the friend can get rid of his stuff after 2 weeks or so; in case the friend steals something, your son has a record and can get things back.)
Reply With Quote
  #7 (permalink)  
Old 12-19-2007, 04:18 PM
Joan.of.the.Arch Joan.of.the.Arch is offline
$ Saving College Junior
 
Join Date: Apr 2006
Posts: 1,214

Points: 11860.20
Donate
Default

You guys are really helpful. Lots of good comments and ideas.

Son and two friends rent a house together and will do so again for the 2008-09 school year. All the household items belong to my son. He found beds, linens, rugs, lamps, etc for his friends, as they joined him from out of the country.

They hope to find another house to rent that they can move their things to immediately when this year's contract ends. But it is possible all of them will have to leave town before they could move the stuff into a new house rental. They will all go to do summer research at other universities. So maybe they will have to leave at the end of May and not have a house rental that begins until the end of June, when they are already out of town. None of them will be in the small, rural university town during the summer. Son is also looking into just renting shed space from a townsperson. He has not mentioned knowing any other students who would be able to rent him some storage space, but I bet it is a possibility.
Reply With Quote
  #8 (permalink)  
Old 12-20-2007, 05:29 AM
tabbycat31's Avatar
tabbycat31 tabbycat31 is offline
$ Saving Jr. College Student
 
Join Date: Aug 2006
Location: NJ shore
Posts: 439

Points: 3854.30
Donate
Default

the only time I would have considered it was that if I went to my initial college for a 2nd year. I woudl have stored stuff over the summer that would make no sense to take back.
Reply With Quote
  #9 (permalink)  
Old 12-20-2007, 07:30 AM
NDArmyGrrl's Avatar
NDArmyGrrl NDArmyGrrl is offline
$ Saving HS Freshman
 
Join Date: Oct 2007
Location: North Dakota, USA
Posts: 144

Points: 345.00
Donate
Default

Quote:
Originally Posted by Joan.of.the.Arch View Post

Have you ever had to put possessions in storage? How did that work out? Were there things you wish you had just gotten rid of rather than stored? Did you end up storing them longer than intended? Was there much difference in fees from one place to another?

Son may have to store very small household over the summer. Do you recommend extra measures such as covering furniture in plastic to protect from rain seepage or dust? What should he know that the rental business is not apt to tell him? What should he ask about or look for?
Yes, I have used storage units.

We used pallets......A must!!!! We Stored over winter, make sure that you do not use boxes from a food place.... We did and a few boxes had eatten corners from where mice had chewed the box because of food grease. I prefer metal buildings. Use tarps so the furnature will not touch the walls if it is brick.

Around here the prices vary alot. Usually they are in high demand so here we have to call all the listing in the book find out what they have available then see which ones are better then another, I normally pay more, so I can have a controlled access unit...You have to punch in our code to get into the gate. Then we always have a huge lock on our unit. Ours was outside and it is 24/7 with the code but I like that because I never know when I am going to need something. That was a very nice place with moisture lining inside.

If the rent per month is really high & if the furnature is VERY cheap it may be better to have a rummage sale and then rebuy the items he would have stored come the fall from a thrift store. But if the rental on the storage unit is cheap I am of the store it mind.....PS make sure he has rental insurance and check if they cover storage units. If he gets his rental insurance at the same place he has his car he could get a discount.

Rental insurance....Cant say enough.

Last edited by NDArmyGrrl : 01-16-2008 at 10:05 AM.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT -7. The time now is 06:13 AM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.
More Links Home Loan | Debt Consolidation Loans | Refinance Home Mortgage | Finance Options | Personal Loans

About Us | Advertising | Privacy Policy | Link To Us | Related Resources | Webmasters | Media | Site Map | Contact Us

Copyright ©2002-2008 SavingAdvice.com. All rights reserved.

Please read our Disclaimer

 

Featured Sponsors
IVA uk definitive guide
Bad Credit Loans
IVA Forum
IVA Book
So what is an IVA?
Private Student Loans
Online Shopping
Dell Coupons
Credit Cards
Payday Loans
moving
Student Loans
Financial News
Online IVA guide
Cash Loans
Credit Card Processing
Back to School
Payday Cash Advance Loans
Debt Consolidation Loan
Apply Now for Personal Loans IVA Advice


Partners
Budget Stretcher
DivaTribe
Thrifty Fun
Money Talk
Online Personal Budgeting
Budget Dial